Cincinnati Sight Restoration Foundation Inc
- Assets
- $12.0m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 21
- Location
- Cincinnati, OH
- Founding
- 09/2012
- Data as of
- 12/2022
- EIN
- 46-0540404
Organization Overview
Cincinnati Sight Restoration Foundation Inc is located in Cincinnati, OH. The organization was established in 2012. According to its NTEE Classification (H11) the organization is classified as: Single Organization Support, under the broad grouping of Medical Research and related organizations. As of 12/2022, Cincinnati Sight Restoration Foundation Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cincinnati Sight Restoration Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Cincinnati Sight Restoration Foundation Inc generated $3.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. While expenses have increased by 1.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE DONATED HUMAN EYE TISSUE FOR CORNEAL TRANSPLANT, MEDICAL RESEARCH & TEACHING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL ACTIVITIES RELATE TO THE ENUCLEATION AND DISTRIBUTION OF GLOBES AND CORNEAS FOR THE RESEARCH AND RESTORATION OF EYESIGHT. 2,248 CORNEAS WERE RETRIEVED DURING THE TAXABLE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Kropp President | OfficerTrustee | 0.2 | $0 |
Charles Pettengill Vice President | OfficerTrustee | 0.2 | $0 |
Thomas Hiltz Treasurer | OfficerTrustee | 0.2 | $0 |
Tina Mays Cebt Executive Director And Secretary | OfficerTrustee | 40 | $214,331 |
Beth Binnion Qa Coordinator | OfficerTrustee | 40 | $100,114 |
Adam H Kaufman MD Medical Director | Trustee | 5 | $20,400 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lifecenter Referral Fees/shared Serology | 12/30/22 | $317,553 |
Eurofins - Vrl Inc Blood/serology Testing | 12/30/22 | $131,971 |
Bausch & Lomb Surgical Corneal Storage Media/chambers | 12/30/22 | $112,636 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $501 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $501 |
| Total Program Service Revenue | $2,748,435 |
| Investment income | $290,508 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $359,819 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,399,263 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $377,383 |
| Compensation of current officers, directors, key employees. | $27,337 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $121,589 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $44,283 |
| Payroll taxes | $55,801 |
| Fees for services: Management | $53,562 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,414 |
| Advertising and promotion | $17,038 |
| Office expenses | $35,726 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $60,349 |
| Travel | $7,517 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,194 |
| Insurance | $25,509 |
| All other expenses | $16,622 |
| Total functional expenses | $1,968,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $667,148 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $223,577 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $63,750 |
| Investments—publicly traded securities | $10,566,505 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $496,292 |
| Total assets | $12,017,272 |
| Accounts payable and accrued expenses | $142,017 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $500,057 |
| Total liabilities | $642,074 |
| Net assets without donor restrictions | $11,375,198 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $12,017,272 |